I’m 72 with $1.5M in retirement savings and no debt — but I’m still terrified of running out of money one day. How do you know when you’ve got enough?
Between high living costs and uncertainty in the stock market, Raymond, 72, is feeling anxious about retirement — despite having no debt, a fully paid-off home and $1.5 million in savings. On top of his $110,000 salary, Raymond and his wife of the same age both collect Social Security benefits. He applied at age 70 […]
Trump’s tariffs will cost global businesses $1.2T this year — but consumers are shouldering most of the burden. What you can do to fight cost creep
A big part of President Donald Trump’s most recent presidential campaign was the implementation of tariffs. And in April, he imposed a 10% tariff on all goods entering the U.S. He also placed reciprocal tariffs on dozens of other countries. The goal of tariffs is to prevent trade partners from taking advantage of the U.S. […]
I was set to retire early at 55 — until my daughter’s $100K tuition bill hit. Should I put my dream on hold?
Early retirement is a goal for many people, but is it worth leaving your child to pay their own way through university just to retire early? That’s the situation Angie is facing. While hypothetical, this situation is something many parents may face when trying to set their children up for their future and ensure a […]
Charlie Munger once claimed he and Warren Buffett stuck to 1 simple strategy to crush the S&P 500 — here’s how ‘less’ can mean more for your portfolio
This article adheres to strict editorial standards. Some or all links may be monetized. TV personality Jim Cramer is so often the butt of jokes on Wall Street that someone briefly launched an exchange-traded fund to bet against his stock picks. The host of CNBC’s “Mad Money” is no stranger to criticism, even from famous […]
5 of the best low-risk investments for Canadians that protect your cash — and earn you more in 2025
One of the keys to building wealth is understanding the relationship between risk and reward. Canadians are always on the lookout for low-risk investments, but you must understand that free lunches do not exist. A risk-free investment (like a GIC) has a lower expected return than a high-risk investment (like an individual stock). As an […]
I was recently fired from my job — just 1 year short of my planned retirement at 70. What will this mean for my 401(k) and Social Security?
This article adheres to strict editorial standards. Some or all links may be monetized. Most workers would feel good when they’re just a year away from achieving a long-awaited goal like retirement. But with today’s volatile job market, some people’s careers are tripping at the finish line. Take the case of Brian. He was fired […]
NY sisters who own a DQ franchise seeing ‘overwhelming’ support in wake of $6M labor law loophole case — and they’re not giving up their fight
An outpouring of community support for the “DQ Sisters” — Long Island siblings and Dairy Queen franchisees who were sued by a former employee over an obscure state labor law — is offering some sweet relief following their five-year ice cream headache. Patty DeMint and Michelle Robey are known in their Medford, New York, community […]
‘No different’ than gold: Kevin O’Leary just paid $13M for a Kobe Bryant and Michael Jordan trading card — are collectibles the next big investment?
This article adheres to strict editorial standards. Some or all links may be monetized. There’s an emerging pocket-sized alternative asset that Kevin O’Leary believes in, and it has nothing to do with hot ticket investments like cryptocurrency or real estate. O’Leary, who regularly appears on Shark Tank, made headlines with his record-breaking $12.9 million purchase […]
Charles Barkley fumes at co-host for NBA betting scandal take — says ‘these dudes are stupid’ and has nothing to do with addiction. Do you agree?
Basketball Hall of Famer Charles Barkley and two-time NBA champ Kenny Smith clashed on an episode of ESPN’s Inside the NBA recently when asked about the arrests of hoops legend Chauncey Billups, Miami Heat guard Terry Rozier and retired player and coach Damon Jones for their alleged involvement in money-betting scandals. (1) The debate between […]
I’m 45 years old and I’d like to retire in 20 years — I earn $50K a year and have about $200K stashed in my 401(k). Am I on track?
The thought of retirement tends to stress a lot of us out. In addition to the mentally exhausting habit of comparing yourself to others, you are also comparing yourself to your future self, who you likely want to be richer and more comfortable than you are now. It’s tempting to put a number on how […]